U.S. stocks are up slightly Monday afternoon, the first trading session of the new year 2022, as optimism about growth outweigh concerns about a surge in Omicron variant of the coronavirus in several countries.
Activity, however, is somewhat subdued with investors looking ahead to the minutes of the Federal Reserve's December monetary policy meeting.
Among the major averages, the Dow and the S&P 500 are up marginally, with stocks swinging between gains and losses. The Nasdaq is notably higher thanks to strong buying at several tech counters.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.